C4 Therapeutics, Inc. income statement
In fiscal 2025, C4 Therapeutics, Inc. reported revenue of $35.9m, up 1.0% on the year before, operating income of −$115m (a -320.5% margin) and net income of −$105m, or −$1.27 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 46 | 31 | 21 | 36 | 36 | 35 |
| Research and development | 95 | 118 | 118 | 111 | 104 | 100 |
| General and administrative | 33 | 43 | 42 | 42 | 36 | 36 |
| Operating income | −82 | −130 | −139 | −120 | −115 | −112 |
| Income before tax | −84 | −128 | −131 | −105 | −105 | — |
| Income tax | 0 | 0 | 1 | 0 | 0 | 0 |
| Net income | −84 | −128 | −132 | −105 | −105 | −101 |
| Diluted EPS | −$1.82 | −$2.62 | −$2.67 | −$1.52 | −$1.27 | — |
| Diluted shares (average) | 46m | 49m | 50m | 69m | 83m | — |
| EBITDA | −81 | −128 | −137 | −118 | −113 | −110 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 5 | 7 | 6 | 11 | 11 | 6 | 7 |
| Research and development | 32 | 33 | 27 | 26 | 26 | 25 | 25 | 24 |
| General and administrative | 12 | 10 | 9 | 9 | 9 | 9 | 9 | 9 |
| Operating income | −28 | −38 | −29 | −29 | −34 | −23 | −28 | −26 |
| Income before tax | −25 | −34 | −26 | −26 | −32 | −20 | — | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −25 | −35 | −26 | −26 | −32 | −20 | −25 | −24 |
| Diluted EPS | −$0.35 | −$0.49 | −$0.37 | −$0.37 | −$0.44 | −$0.09 | −$0.20 | −$0.18 |
| EBITDA | −28 | −37 | −29 | −28 | −34 | −23 | −27 | −26 |
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